Aaron Kushner |
Orange County Register co-owner Aaron Kushner announced the decision Monday night in a memo sent to employees.
"Pundits and local competitors who have closely followed our entry into Los Angeles will be quick to criticize our decision to launch a new newspaper and they will say that we failed," said the memo, signed by Kushner and his Freedom Communications co-owner Eric Spitz.
"We believe, the true definition of failure is not taking bold steps toward growth."
The memo hints at layoffs, but provided no specific details.
The company will now focus on core markets in Orange County, Riverside and San Bernardino Counties where the company has decades-long and "deep relationships with subscribers and advertisers."
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